By Stuart Turley, Energy News Beat The second offshore oil and gas lease sale in the Gulf of America under President Trump\’s \”One Big Beautiful Bill Act\” (OBBBA) has wrapped up with significantly lower participation and bid volumes than anticipated. Dubbed \”Big Beautiful Gulf 2\” (BBG2), the auction held by the Bureau of Ocean Energy […]
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In an era of geopolitical tensions, fluctuating global demand, and supply disruptions, the United States has emerged as a beacon of energy stability. This resilience stems largely from the robust domestic oil and gas sector, particularly exploration and production (E&P) companies. Over the past decade, these firms—along with oilfield service providers—have demonstrated disciplined capital management, […]
Continue ReadingJack Prandelli of The Merchants News Substack stopped by, and we had a blast visiting about huge changes in the oil and gas markets. At the end of the podcast, we also discuss how we should restructure electricity prices for consumers. 1. China’s efforts to reduce its reliance on the US dollar: – China is […]
Continue ReadingIn a resilient performance amid volatile energy markets, ExxonMobil (XOM) reported fourth-quarter 2025 earnings that surpassed Wall Street estimates, driven by unprecedented production levels that mitigated the impact of declining oil prices. The company\’s focus on high-margin assets in the Permian Basin and Guyana underscored its operational strength, even as broader industry headwinds persisted. This […]
Continue ReadingIn the volatile world of energy markets, oil prices have stabilized around $60 to $65 per barrel throughout much of 2025 and into early 2026, a level that might typically pressure major oil companies\’ stock performance. Yet, industry giants Chevron (CVX) and ExxonMobil (XOM) have demonstrated remarkable resilience, with their shares holding steady or even […]
Continue ReadingIn a bold escalation of tensions between the United States and Venezuela, the Trump administration has intercepted a second oil tanker amid an ongoing blockade aimed at crippling the Maduro regime\’s oil exports. On December 20, 2025, the US Coast Guard seized the supertanker named Centuries in the Caribbean Sea, shortly after it departed from […]
Continue ReadingENB Pub Note: This is a fantastic article from the Merchant\’s News Substack by Giacomo Prandelli. We highly recommend subscribing to and reading his Substack. Stu Turley just had an interview with Giacomo, and the podcast is in production for release soon. We will keep you posted. Everyone’s celebrating gold breaking $4,200 and silver doubling […]
Continue ReadingOr is this about the Monroe Doctrine? 1. The Trump administration’s actions against Venezuela, including the capture of a “dark fleet” oil tanker. We discuss whether this is more about oil or a show of force against the Venezuelan government. Stu chimes in that Panama is not renewing their “Belt and Road” initiative with China, […]
Continue ReadingIn a bold pivot that echoes the incoming Trump administration\’s emphasis on energy dominance and deregulation, ExxonMobil has announced a significant reduction in its low-carbon investments, slashing spending by a third from $30 billion to $20 billion over the 2025-2030 period. This move redirects capital toward the company\’s core oil and gas operations, prioritizing high-return […]
Continue ReadingIn a move that feels like a seismic shift in the global energy landscape, the world\’s biggest oil giants—ExxonMobil, Chevron, BP, Shell, TotalEnergies, and Eni—are all piling into Libya simultaneously after more than a decade of steering clear. It\’s the first major exploration bidding frenzy in the North African nation since 2007, and it\’s got […]
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